Marston's (FRA:WVDA) ROCE % : 11.55% (As of Sep. 2024)

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What is Marston's ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marston's's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.55%.

Marston's ROCE % Historical Data

The historical data trend for Marston's's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marston's ROCE % Chart

Marston's Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-12.59

-3.71

11.41

3.59

5.86

Marston's Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															16.19	1.01	6.22	0.97	11.55

Marston's ROCE % Calculation

Marston's's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	144.088	/	( ( (2846.253 - 275.65)	+	(2637.809 - 287.343) )	/ 2 )
	=	144.088	/	( (2570.603	+	2350.466)	/ 2 )
	=	144.088	/	2460.5345
	=	5.86 %

Marston's's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	264.342	/	( ( (2822.424 - 595.72)	+	(2637.809 - 287.343) )	/ 2 )
	=	264.342	/	( ( 2226.704	+	2350.466 )	/ 2 )
	=	264.342	/	2288.585
	=	11.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Marston's (FRA:WVDA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Marston's ROCE % Related Terms

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Marston's Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Marston's PLC (FRA:WVDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MARZF:USA MARSl:UK MARS:UK WVDA:Germany

Address

Brewery Road, Marston's House, Wolverhampton, GBR, WV1 4JT

Website

https://www.marstons.co.uk

Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.

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